Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz

Exercise 5

Section 2.1 in this chapter deals with the relationship between the different components included in the National Income and Product Accounts (NIPA for short). Go to www.bea.gov. Click on the heading "National," then click on "Interactive Tables: GDP and the National Income and Product Account (NIPA) Historical Tables" and then "Begin using the data..." Select "Section 1-Domestic Product and Income." Open Table 1.7.5, which should be titled "Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income (A) (Q)."
Use the information provided there to fill in columns 1, 2, 3, and 5 in the following table, and calculate GNP and NNP based on the formulas given in the second row of the table. You may have to first adjust the "First Year" to 2010 and the "Series" to Annual under "Data Table Options." Do the values you find correspond to the numbers reported at www.bea.gov